Deleum delivers better-than-expected 3Q25 results amid industry headwinds
- Achieves RM36.7 million in pre-tax profit and RM22.1 million in net profit in 3Q25
- Sustains 9M25 pre-tax profit of RM101.2 million despite higher costs and forex impact
- Strong RM1.5 billion orderbook and over RM2.0 billion tenderbook poised to drive further growth
Kuala Lumpur, Malaysia, [20] November 2025 – Leading oil & gas (O&G) services provider Deleum Berhad (Deleum, the Group, 迪隆, Bloomberg: DLUM MK) delivered better-than-expected results for the third quarter ended 30 September 2025 (3Q25), achieving RM36.7 million in pre-tax profit despite ongoing industry headwinds.
Group revenue increased to RM278.1 million in 3Q25, compared to RM269.2 million in the corresponding quarter last year, driven by stronger activities within the Oilfield Integrated Services (OIS) segment.
For the nine months ended 30 September 2025 (9M25), the Group maintained a steady performance, with revenue rising to RM694.4 million up from RM656.5 million in the previous year, backed by continued strength in the OIS segment.
Despite higher operating expenses, including debt write-offs, increased staff costs, and a net foreign exchange loss, the Group sustained its profitability. Pre-tax profit remained largely stable at RM101.2 million versus RM103.4 million last year, while net profit held firm at RM54.1 million, demonstrating Deleum’s ability to deliver consistent earnings performance amid cost pressures.
Supporting the Group’s resilient results, Deleum’s orderbook remains robust at RM1.5 billion as at end-9M25, with projects scheduled for progressive execution over the next five years. The Group’s tenderbook expanded significantly to over RM2.0 billion, up from RM946.4 million at end-2024, reflecting continued project opportunities as oil majors sustain their investments in operational expenditure (OPEX) and maintenance services across facilities
“We achieved a better-than-expected financial performance in 3Q25 despite the challenging market environment, reflecting the Group’s disciplined cost management and operational prudence. Although this quarter was relatively softer, largely due to a less favourable sales mix, we remain confident of delivering satisfactory performance for the full year. Our focus continues to be on strong execution, operational efficiency, and sustaining performance across all business segments. Our orderbook and tender activities remain robust, supported by steady demand for our services. Coupled with ongoing efforts to strengthen our capabilities and explore strategic merger and acquisition opportunities, these factors will continue to support Deleum’s growth trajectory and drive long-term value creation.” Rao Abdullah Group Chief Executive Officer, Deleum Berhad
Power and Machinery (P&M) Segment
Revenue from the P&M segment eased to RM213.3 million in 3Q25 from RM218.7 million in the same quarter last year, mainly due to lower sales in control and safety valves, flow regulator services, turbines parts and repairs as well as retrofit businesses. In tandem with lower revenue, the segment’s profit before tax declined by 16.1% to RM37.7 million compared to RM44.9 million a year ago.
As for 9M25, revenue from the P&M segment softened to RM510.4 million, compared to RM524.8 million in the previous year. Correspondingly, the segment’s profit before tax also edged lower to RM94.1 million from RM97.3 million previously.
Oilfield Integrated Services (OIS) Segment
The OIS segment recorded revenue of RM64.5 million in 3Q25, up 28.1% from RM50.4 million in the corresponding quarter last year. The improvement was driven by higher activity levels in Maintenance, Construction, and Modification (MCM) projects, stronger demand for specialty chemicals and well stimulation services, as well as increased slickline services across both East Malaysia and West Malaysia.
Profit before tax for the quarter, however, declined to RM2.1 million from RM5.5 million primarily due to a bad debt written off amounting to RM1.7 million, coupled with higher operating expenses incurred during the quarter.
Nevertheless, on a nine-month basis, the OIS segment delivered a stronger overall performance, with revenue growing 39.6% to RM183.3 million from RM131.3 million, while profit before tax increased by 51.6% to RM13.6 million from RM9.0 million previously
The Group’s overall liquidity comprising of cash and investment securities increased to RM233.3 million as at the end of the third quarter of 2025, compared to RM199.3 million as at 31 December 2024. Shareholders’ equity also strengthened to RM479.7 million, up from RM463.0 million at the end of 2024.
About Deleum Berhad (https://www.deleum.com/)
Deleum Berhad is an investment holding company and through its subsidiaries, provides a diverse range of supporting specialised products and services to the oil and gas industry, particularly in the exploration and production sector. Its range of products and services is distinguished according to its two core business segments – Power and Machinery and Oilfield Integrated Services. Deleum is listed on the Main Market of Bursa Malaysia.